Malaysia Property Tips & Guides

MRTA/MRTT vs MLTA: Which Mortgage Insurance Plan is Right for You?

When taking a home loan in Malaysia, you'll likely be offered mortgage insurance as part of the package. Two common options are MRTA (Mortgage Reducing Term Assurance) / MRTT (Mortgage Reducing Term Takaful) and MLTA (Mortgage Level Term Assurance).

But what do these terms mean? And more importantly — which one should you choose?

Let’s break it down in a way that’s easy to understand...